All Cash – Harbor Closes Distressed Foreclosure Sale

LONG BEACH, Calif., June 22, 2017 /PRNewswire/ — Harbor Associates, LLC (“Harbor”) has acquired Tustin Corporate, a 43,517 square foot office building located at 18302 Irvine Boulevard, Tustin, California in an all cash transaction with The Bascom Group, LLC (“Bascom”). Harbor acquired the asset through a distressed on-line auction bid process from an out of state special servicer. This transaction marks the eighth value-add office acquisition for Harbor in the last two years and second acquisition for the firm in the last 10 days, coming on the heels of the firm’s acquisition of Bespoke Century City in West LA.

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